Baroness Mone’s Grand National Favorite in £202M PPE Medpro Fraud Storm

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Posted on: February 5, 2024, 06:16h. 

Last updated on: February 5, 2024, 08:44h.

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A racehorse owned by nan UK’s astir arguable mates whitethorn beryllium pulled from England’s celebrated Grand National steeplechase, contempt being 1 of nan favorites for nan race.

Michelle Mone, Doug Barrowman, Monbeg Genius, PPE Medpro, Grand National, fraudBaroness Michelle Mone, left, pinch her husband, Doug Barrowman, whitethorn beryllium nan UK’s astir hated couple. But what does that mean for their racehorse, Monbeg Genius, 1 of nan favorites for nan Grand National? (Image: BBC News)

Monbeg Genius is owned by Baroness Michelle Mone and her husband, Doug Barrowman, and is priced by bookmakers astatine 20/1 to win, making it nan 3rd favorite.

But nan mates is astatine nan halfway of a media storm. Mone and Barrowman are presently nether investigation by nan National Crime Agency, nan UK’s type of nan FBI, complete alleged links to PPE Medpro. That institution won authorities contracts worthy £202 cardinal (US$253 million) to nutrient PPE instrumentality during nan Covid-19 pandemic.

PPE Medpro Scandal

Mone, a Scottish erstwhile exemplary who founded nan lingerie institution Ultimo successful 1996, was made a “life peer” successful September 2015 for her services to business. This allowed her to beryllium successful nan House of Lords, nan UK’s precocious house, and telephone herself Baroness Mone of Mayfair.

PPE Medpro was contracted to proviso facemasks and surgical gowns without competitory tenders nether COVID-19 emergency rules that waived regular procedures.

In January 2022, it emerged that Mone utilized her authorities position to “aggressively” urge Medpro for nan statement 5 days earlier nan institution had been incorporated.

Much of nan supplied instrumentality fell beneath nan required standard, and nan UK authorities has initiated proceedings to recoup £122 cardinal (US$153 million) from nan company.

Despite nan couple’s repeated denials of engagement pinch PPE Medpro, The Guardian reported successful November 2022 that an offshore spot received £29 cardinal from nan institution via a bid of transactions involving Barrowman. Mone and her children were nan beneficiaries of nan trust.

In precocious January, it was reported that £75 cardinal worthy (US$94 million) of assets controlled by nan mates had been “frozen aliases restrained” by a tribunal bid obtained by Crown prosecutors.

Wedding Present

Meanwhile, nan British Horseracing Authority is investigating whether Monbeg Genius is 1 of those stiff assets. Mone purchased nan eight-year-old gelding successful November 2020 arsenic a wedding coming for her husband.

The BHA is alert of reports regarding a tribunal bid successful narration to nan assets of Michelle Mone and Doug Barrowman,” a British Horseracing Authority spokesperson said successful a statement. “We are successful interaction pinch nan applicable individuals to understand what implications, if any, location are for their engagement pinch racing.”

Should Monbeg Genius beryllium free to run, arsenic has been suggested by The Daily Mirror, it would beryllium bad optics for nan BHA.

The Grand National is a nationalist institution and nan only equine racing arena pinch which nan wide nationalist engages each year. For bookmakers, it’s immense because it captures nan “one-bet-a-year” demographic – those who take to spot a bet. After all, they spot it arsenic a harmless tradition.

The title comes pinch a £500K (US$627K) prize for nan winning horse’s owner. Should Monbeg Genius tally and travel done astatine 20/1, he whitethorn conscionable beryllium nan astir unpopular victor successful nan race’s 185-year history.

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